Common use of Tax Examinations and Audits Clause in Contracts

Tax Examinations and Audits. The Partnership Representative is authorized and required to represent the Company (at the Company's expense) in connection with all examinations of the Company's affairs by any federal, state, local, or foreign taxing authority, including resulting administrative and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. The Partnership Representative shall have sole authority to act on behalf of the Company in any such examinations and any resulting administrative or judicial proceedings, and shall have sole discretion to determine whether the Company (either on its own behalf or on behalf of the Members) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authority.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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Tax Examinations and Audits. The Tax Matters Member and Partnership Representative is are each authorized and required to represent the Company (at the Company's ’s expense) in connection with all examinations of the Company's ’s affairs by any federal, state, local, or foreign taxing authorityauthorities, including resulting administrative and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. The Tax Matters Member and Partnership Representative shall each have sole authority to act on behalf of the Company in any such examinations and any resulting administrative or judicial proceedings, proceedings and shall have sole discretion to determine whether the Company (either on its own behalf or on behalf of the Members) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authority. The Company and its Members shall be bound by the actions taken by the Tax Matters Member and Partnership Representative.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Tax Examinations and Audits. The Partnership Representative is authorized and required to represent the Company (at the Company's ’s expense) in connection with all examinations of the Company's ’s affairs by any federal, state, local, or foreign taxing authorityTaxing Authorities, including resulting administrative and judicial proceedings, and to expend Company funds for professional services and costs associated therewith. The Partnership Representative shall have sole authority to act on behalf of the Company in any such examinations and any resulting administrative or judicial proceedings, and shall have sole discretion to determine whether the Company (either on its own behalf or on behalf of the Members) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authority.Taxing

Appears in 1 contract

Samples: Limited Liability Company Agreement (Great Elm Capital Corp.)

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Tax Examinations and Audits. The Partnership Tax Matters Representative is authorized and required to represent the Company Partnership (at the Company's Partnership’s expense) in connection with all examinations of the Company's Partnership’s affairs by any federal, state, local, or foreign taxing authorityauthorities, including resulting administrative and judicial proceedings, and to expend Company Partnership funds for professional services and costs associated therewith. The Partnership Tax Matters Representative shall have the sole authority to act on behalf of the Company Partnership in any such examinations and any resulting administrative or judicial proceedings, and shall have the sole discretion to determine whether the Company Partnership (either on its own behalf or on behalf of the MembersPartners) will contest or continue to contest any tax deficiencies assessed or proposed to be assessed by any taxing authority.

Appears in 1 contract

Samples: Limited Partnership Agreement

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